SHREE DHANWANTRI HERBALS,SOLAN vs. DCIT, CIRCLE PARWANOO, PARWANOO

ITA 21/CHANDI/2026Status: DisposedITAT Chandigarh30 July 20264 pages

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Income Tax Appellate Tribunal, DIVISION BENCH, ‘B’ CHANDIGARH

Before: SHRI LALIET KUMAR & SHRI MANOJ KUMAR AGGARWAL

For Appellant: Shri Manoj Kumar, CA &, Shri Kartikeya Gupta, Advocate
For Respondent: Dr. Ranjit Kaur, Addl. CIT, Sr.DR
Hearing: 29.07.2026Pronounced: 30.07.2026

PER LALIET KUMAR, JM

The present appeal has been preferred by the assessee against the order of the learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, whereby the penalty of ₹15,00,000/- imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961 was confirmed. The penalty had been levied on account of the disallowance of deduction claimed by the assessee under section 80-IC in respect of substantial expansion, wherein the Assessing Officer held that the assessee was

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